Rock Ridge Resources, Inc. (RRRI)

[crowin]

_______DD for TNOG__6/05_____

Titan Oil and Gas web page:
http://www.titanoilandgas.com/

Titan has intentions to re-complete wells that were formerly good producers. (Per the web page)
These wells have been abandoned and cemented years ago do to lack of profitable production.

Titan is not drilling new wells, just only re-opening old abandoned wells!

Due to the recent surge in the cost of a barrel of oil it is now feasible for the re-opening of these wells.

Per my DD, mine only! These are profitable only with the service companies here in South Texas that own there own work over rigs, pumps, tank battery’s, transport trucks, guagers, in other words, with very little overhead.

Watch the video real close? Notice that they are waiting for the flow, and then you see it gush for 10-12 seconds. Notice that it stopped before they do any thing, is this a real gusher from an abandoned well after being capped for years. Yes! This is trapped gas that has accumulated But for how long?

Was this Video Staged?

Notice in the video where the guy on the floor holding the chain when the oil-water starts to over flow. You can see where he points to the circulating pump operator (24-25 seconds into the video) on the other side of the rig to shut down, you then notice the flow stops;

Staged?? . Heck yes

http://www.titanoilandgas.com/k1.wmv

The circulating pump he waves at is show in this video

http://www.titanoilandgas.com/k2.wmv


when they show the guys using a pipe wrench to remove the short piece of pipe; it then became an open hole (no pressure?) They screwed on a block valve not a Christmas tree.

A real High pressure well will have A Christmas tree installed and it looks like this:

http://www.rwintl.com/mmainf2.jpg

If a well has little or no pressure they install a block valve like in the video.

With no pressure they have to use a pump jack and here is a picture of the wellhead they would use for that.

(LOOK FAMILIAR)?

http://www.cardinalsurveys.com/t3_55.htm

Also check out in the video the hole dug in the earth is unlined; this is a no no With the TCEQ, the Texas Commission on Environmental Quality. It must be lined to comply.

http://www.tceq.state.tx.us/comm_exec/communication/media/05-05PasadenaAgenda.html

(And the EPA. When you have a spill like in the one in the video you have to report it to:
http://www.tceq.state.tx.us/

http://www.rrc.state.tx.us/divisions/og/key-programs/spillincident.html

From the well head the oil & gas mix goes thru a separator to separate the Gas & oil-water mix. Gas will to a compressor station and the oil goes to the tank battery like the one in the pictures below. Here is what a separator looks like:

http://www.challengerps.com/pics/pic10.jpg

Once the oil-water gets to the tank battery the oil floats to the top and the water on bottom. This is where the oil is drawn off the top and sent to the two silver tanks on the right, then either pick up by 18 wheeler, which will attach to the pipe running to the outside the earthen beam around the that is shown with the red pipe wrench leaning on it. The salt water is either picked up by truck and taken to a disposal well or is injected to a local well for disposal, which helps force oil to the next producing well!

The green doomed tank in this picture:

http://www.novakcapital.com/TNOGgallery/02.html

is made of fiberglass, and is not for pressure (gas), notice the piping on the top from it to the next one to the left (over flow) Fiberglass tanks are cheaper than steel tanks and hold up better in the corrosive salt water environment! These tanks vent directly to the atmosphere, no pressure accumulates here.

No gas pressure here with this picture:

http://www.novakcapital.com/TNOGgallery/07.html

When you use a pump jack to extract the oil it is due to no down hole (gas) pressure to push the oil up.

This pump jack is used to bring up the oil-water mix, which is pumped to the tank batteries for separation.

Why would NUTEK OIL INC give up the Stanley unit well to Titan Oil & gas??

Lack of production! Check with the Texas Railroad Commision
Notice the production Nutek had vs the production Titan reported:

Lease Name: STANLEY UNIT, Lease No: 07485
District 02
Lease Production and Disposition
Jan 2004 - Jul 2005

Date OIL (BBL) Casinghead(MCF) Operator Name Operator No. Field Name Field No.
Production Disposition Production Disposition
Jan 2004 0 0 0 0 NUTEK OIL INC 616819 PATTON (AUSTIN CHALK) 69707200
Feb 2004 0 0 0 0
Mar 2004 0 0 0 0
Apr 2004 3 0 27 27
May 2004 0 0 0 0
Jun 2004 0 0 0 0
Jul 2004 0 0 0 0
Aug 2004 0 0 0 0
Sep 2004 21 0 80 80
Oct 2004 325 196 120 120
Nov 2004 139 0 80 80
Dec 2004 166 378 95 95
Jan 2005 983 1,003 320 320
Feb 2005 55 0 73 73 TITAN CONSOLIDATED, INC. 860841
Mar 2005 40 0 60 60
Apr 2005 NO RPT NO RPT NO RPT NO RPT TITAN OIL AND GAS, INC. 860838
May 2005 NO RPT NO RPT NO RPT NO RPT
Jun 2005 NO RPT NO RPT NO RPT NO RPT
Total 1,732 1,577 855 855

http://webapps.rrc.state.tx.us/PDQ/quickLeaseSubmitAction.do

Do a google search on Nutek it turns up this company

http://www.nutk.com/info_contact.htm

which is located in the same building as Titan in San Antonio, TX


I only live 65 miles from the wells and have stated to this thread in the past that I would go by and check out the wells. My offer still stands. Some have said they will provide info. No reply for the past three weeks.

Per the Texas Railroad Commission that regulates the Oil and Gas production here in Texas they have set a limit on the Stanley unit to 1085 barrels per month: This is the only well I see:

http://www.rrc.state.tx.us/divisions/og/stripout/t1.html

Now my legit concern: If Titan has to pay for all services preformed for the re-opening of these wells then what will the profits be after they deduct expenses for:

lease payment
Royalty PMT
State taxes
Drilling cost
tank battery cost
Pump Jack when flow stops (SOON)
guagers wages
company employees salary
PR expenses
and all other hidden cost.........

Yes, money can and will be made with these wells..

But, How much is left over for Stockholders?

Now, Who Am I?

I live here in South Texas and worked on a work over rig just like the one in the video in the early 70s as derrick hand for 11 months while going to College, I filled in on the floor as a tong man when needed I'm no expert, I know enough to stay out of trouble.

Also, my brother-in-law works for Marathon Oil in Houston TX. He has been a (PE) Petroleum Engineer for 28 years. He started in Midland TX then moved to Irran TX, then Hobbs NM, before ending up in the home office in Houston TX 1 1 /2 years ago after the big cuts. He is a great resource for my questions.

I have requested many times that anyone with oil and gas experience to please correct me about the above,and abinrml47tx has :http://ragingbull.lycos.com/mboard/boards.cgi?board=TNOG&read=20433
Some have said that they will e-mail the company my DD for correction too and I have not heard any reply to correct me!

qcjaguars has posted the names of the leaser persons and I’m in the process of looking up the address so I can visit them in person, (Not by calling them on the phone). I also requested the other documents he has so I can follow up with them also.

Corporate charter "REINSTATED/REVOKED" three times by Nevada Secretary of State:

https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?CorpID=198414&CorpName=TITAN+OIL+AND+GAS%2c+INC.

Previous Name changes:

http://www.pinksheets.com/quote/company_profile.jsp?symbol=TNOG

http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=0001093986&filenum=&State=&SIC=...

This is a pink sheet stock and is non-reporting to the SEC.

This DD is of my own honest opinion.

DO your own DD and then Decide